Space Markets Review - How Is the Minimum Deposit of R50? Is Space Markets Legit? - WikiFX

WikiFX | 2025-05-09 13:51

Abstract：Space Markets (Pty) Ltd is a forex brokerage. With R50 min deposit, MT5 platform, it offers diverse accounts and various trading instruments. Learn more.

Space MarketsReview Summary
Founded	2023-03-15
Registered Country/Region	South Africa
Regulation	Unregulated
Market Instruments	Forex, Indices, Stocks
Demo Account	/
Leverage	Up to 1:2000
Spread	From 0.0 pips
Trading Platform	MT5
Min Deposit	R50
Customer Support	support@spacemarkets.io
	010 035 5120
	WhatsApp: 071 339 7548

Space Markets Information

Space Markets (Pty) Ltd is a brokerage firm in the forex trading industry. It offers various types of foreign exchange trading accounts, including Standard Account, Pro Account, etc. The minimum deposit is only R50, which provides investors with a relatively low trading threshold. The platform supports the MT5 trading platform and is equipped with a variety of trading functions and tools. It provides foreign exchange trading, and also covers index trading and stock trading, with a relatively rich range of trading products.

Pros and Cons

Pros	Cons
Various trading tools	Unregulated
MT5 available	Trading involves risks
Minimum deposit of R50	Some unclear fees
Leverage up to 1:2000
Spread as low as 0 pips

Is Space Markets Legit?

Space Markets (Pty) Ltd claims to be a financial services provider registered with and regulated by the FSCA, but there is no clear evidence.

What Can I Trade in Space Markets?

Space Markets offers forex trading, including major currency pairs (such as EUR/USD, GBP/USD), minor currency pairs, and exotic currency pairs. Traders can also choose index trading and stock trading.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Stocks	✔

Account Type

Account Type	Standard	Pro	Sniper	Ultra Micro	Space 100	Swap Free/Islamic ECN
Minimum	R50	R50	R50	R50	R50	R50
Spread	1.5 pips	0.0 pips	0.0 pips	0.5 pips	0 pips	0 Pips
Commissions	$0	$7	$0	$0	$0	$10
Bonus	0%	0%	0%	0%	100%	0%
Platform	MT5	MT5	MT5	MT5	MT5	MT5
Max Leverage	1:2000	1:500	1:1000	1:500	1:500	1:500
Zero Indices	No	No	Yes	No	No	No

Space Markets Fees

The spread of most accounts can be as low as 0 pips, or there is no direct commission. However, there is a commission cost of $150 per lot for zero-spread indices. For specific commissions, you can refer to the information about account types.

Leverage

The maximum leverage is 1:2000. The leverage is set at different ratios based on the account balance/net worth. Different account types also have their respective maximum leverage limits. For example, the maximum leverage of the sniper account is 1:1000.

Account balance/net worth range (USD)	Maximum leverage ratio
0 - 1,000	1:2000
1,001 - 2,000	1:1000
2,001 - 5,000	1:500
Above 5,000	1:300

Trading Platform

The platform provides the MT5 trading platform, which offers real-time market data to help traders keep abreast of market dynamics. At the same time, it supports trading on mobile devices, facilitating investors to participate in trading anytime and anywhere.

Deposit and Withdrawal

Space Markets supports various methods, including traditional bank transfers, credit/debit card transactions, e-wallet payments, etc., for deposits, and the funds can arrive quickly. The withdrawal process is also convenient, and the platform promises to complete withdrawals within 24-48 hours.